BlackRock, Inc. has completed the acquisition of Global Infrastructure Partners (GIP), an infrastructure investment firm with over US$100 billion in assets under management. 

GIP focuses on real infrastructure assets in sectors like energy, transport, and digital infrastructure, with a portfolio that includes investments in airports, ports, and renewable energy platforms. The acquisition strengthens BlackRock's position in global infrastructure investment, combining GIP's expertise in infrastructure with BlackRock’s global reach. The deal is expected to close in Q3 2024, following regulatory approvals.